Number of Problem CUs Fell in Q1

The National Credit Union Administration reported that the number of problem credit unions fell by 30 during the first quarter of 2013 to 339.

A problem credit union is defined as having a CAMEL rating of 4 or 5.

According to NCUA, shares (deposits) in problem credit unions were $15 billion as of March 31, 2013. This was down from $16.9 billion, as of the end of 2012. The percent of the industry's insured shares in problem credit unions fell by 23 basis points to 1.79 percent.

Total assets in problem credit unions fell by $2.2 billion to $16.8 billion during the first quarter of 2013.

The following table shows the number of problem credit unions by asset size as of December 31, 2012 and March 31, 2013. (click on image to enlarge)